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CyanogenMod Raises $110 Million—No Microsoft Necessary

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CyanogenMod Raises $110 Million—No Microsoft Necessary

Microsoft is desperately looking to holiday into the cellular global of generation, and whilst its Windows Phones could also be able units, they surely aren’t widespread. The Washington state-primarily based corporate has different and has now began pushing for its apps to no less than be to be had and fascinating to attainable consumers the use of different cellular systems. Google has been accused of being unyielding against any out of doors methods by way of Microsoft getting used within the running device, that is why Microsoft used to be trying to strike a deal with CyanogenMod.

As it seems, the deal didn’t pass so smartly, no less than now not for Microsoft. Despite lacking out on cash from one of the crucial biggest tech firms on the earth, CyanogenMod nonetheless controlled to boost $110 Million. The money ultimately got here from Benchmark, Andreessen Horowitz, and Redpoint Venture, among different resources. Due to the inflow of money and the investments made within the corporate through those undertaking capital companies, Cyanogen may well be worth over $500 million, that is implausible for the startup, particularly bearing in mind how some distance it has are available any such few minutes.

In the approaching months, it's going to be fun to peer what Cyanogen does with its new capital, how Microsoft is going approximately getting its tool on different units, and whether or not or now not they're going to attempt to provide it any other move in an making an investment deal.

Source: Bloomberg


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